No Claims Discount Insurance News Targeting the news that matters for the insurance companies you use. http://www.noclaimsdiscount.co.uk/news/ http://www.noclaimsdiscount.co.uk/images/logo_ncd.gif No Claims Discount Insurance News http://www.noclaimsdiscount.co.uk/news/ 135 60 Targeting the news that matters for the insurance companies you use. Parishioners to be asked to pay for Priest Sex Abuse Compensation? Bishop Denis Brennan, from the diocese of Ferns in Ireland has asked his parishioners to help the church with spiralling compensation claims following the convictions of priests for sexual abuse. He told his diocese that they had already paid out 8m Euro to settle 48 claims and there were another 13 outstanding. He even poin... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201003051 05 Mar 2010 09:00:00 GMT Wife Swapping to save on Car Insurance Direct Line has found that drivers are increasingly swapping their penalty points with partners to avoid losing their licenses. They say that as many as 2% of drivers have asked their partner to take their penalty points to avoid bans, this compares with 1.5% who admitted to the practice three years ago. Londoners were the worst wi... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201003031 03 Mar 2010 09:00:00 GMT Can things get worse for honest Brits? Oh, yes! Owners of cars who have had them stolen and recovered are paying out hundreds of pounds to get their cars from police pounds. Figures from the Sussex police have revealed that between 2006 and 2009, 4000 people paid an impounding fee to get their car back. Each car is charged at GBP150 plus GBP20 per day. Victims can claim ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201003011 01 Mar 2010 09:00:00 GMT Unethical business practices encouraged by government appointed bodies GBP7.8m in compensation is to be given to those affected by the poor advice given by IFA Park Row. The FSA has confirmed that the nationwide group of IFA's had failed to ensure that the products sold were suitable for their customers and in some cases staff were issuing advice on products they knew nothing about. It was also su... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002261 26 Feb 2010 09:00:00 GMT Marry your daughter to save on car insurance Swiftcover has estimated that 36,000 parents in the UK are illegally insuring their son or daughter by naming them as a spouse. Swiftcover found that one in four of those they contacted regarding irregularities on their policies admitted they had used this method to gain insurance. Extrapolated across the UK this would come to 36,0... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002241 24 Feb 2010 09:00:00 GMT Could using Facebook invalidate your home insurance? Confused.com has predicted that households who use social networking sites such as Twitter and Facebook could see their insurance cost rise in the future. Those who use the sites are increasingly making themselves vulnerable to criminals by posting details of their holidays or by telling strangers about their whereabouts. Confused.... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002221 22 Feb 2010 09:00:00 GMT Sexy Insurance looks lost in a Mundane Industry ... just like it does on this page A group of 18 councils from the south west of England have joined forces to buy their annual insurance policies in a bid to save themselves hundreds of thousands of pounds. The consortium aims to buy cover for vehicles, property, leisure facilities and legal liability from 15 insurers, but each council would still have their o... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002191 19 Feb 2010 09:00:00 GMT Barclays Boss turns down Bonus and Flood Defences to be Improved ... finally! Barclays Bank have this week announced record profits during 2009 of GBP11.6bn and suggestions that this profit was made off the back of Government support has been dismissed by the banks president Bob Diamond. He commented that people should admire the bank for its amazing comeback and he was defiant about questions relat... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002171 17 Feb 2010 09:00:00 GMT Kwik Fit bails itself out with Insurance sale whilst Lloyds TSB approves management takeover of Esure According to research by a university in Italy, young drivers who admit to feeling sleepy or who have trouble sleeping are twice as likely to have had a crash. 56% of the students surveyed said they had driven despite feeling sleepy and had been involved in at least one accident. Just 35% of those who had not had an accident a... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002151 15 Feb 2010 09:00:00 GMT Things seem to be going well ... for insurers Just one month after its launch, Swinton Bikes has seen an exceptionally high take up of their new dealer referral scheme. In fact, more than 2000 motorcycle dealerships have joined the 2010 scheme, which will pay GBP10 for each customer they refer to Swinton Bikes for insurance. This will be paid even if no policy is purc... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002101 10 Feb 2010 09:00:00 GMT I predict a ... claims refusal. Who pays for riot damage? There are some that have muted concerns regarding the recession and its effect on law and order. The lack of employment, security, good housing and a strong sense of social and economic injustice can all provide the tinder to set Britain's streets burning once more. But when exactly does a disturbance become a riot? br... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002082 08 Feb 2010 09:00:00 GMT The FSA do nothing ... again. Also, could there be a buyer for RBS? The FSA has banned Mathew Sixsmith, a director of Bridgewater House UK mortgage and life insurance company. The FSA say that he lost GBP85,000 worth of clients money, by not keeping it in separate bank accounts. Mr Sixsmith was charging customers up to two years premiums upfront and adding it to their mortgages. He failed ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002081 08 Feb 2010 09:00:00 GMT March 22nd Deadline for Annuities Insurers are expecting a flurry of business relating to annuities in the countdown to the April deadline for those aged under 55. On April 6, new rules come into force which mean that those aged under 55 will be unable to retire and receive their pension. Many insurers and annuity providers have stopped taking new business as ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002051 05 Feb 2010 09:00:00 GMT "Dog eat Dog" doesn't even begin to describe Britain's reaction to recession Research by Gocompare.com has revealed that one in five pet owners would struggle to pay vet bills if their pet were to fall ill. They would have to rely on an animal charity or not take their pet to the vet at all. Despite this pet owners spend an average of GBP676 on their pets each year, more than GBP100 of which go... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002031 03 Feb 2010 09:00:00 GMT Fire Bank Bosses? What about the FSA Bosses? Who should have done more to protect us? 2010 seems to be the year for getting things done at the Financial Services Authority FSA. They have issued several fines, banned a few individuals and started major crackdowns on everything from mortgage insurance, and broker scams to bankers bonuses and tax avoidance. And all that seems to have occurred in just the last month. ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002012 01 Feb 2010 09:00:00 GMT 90% No Claims Discount? Maybe, but not likely in Hull Motorists who say they have been unfairly clamped on private land are being given the right to ask for compensation as part of the new Crime and Security Bill, which is due to come into force in 2011. Under the new rules, clamper's who charge huge fees to release cars may be restricted to the fees levied by local councils. Cla... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002011 01 Feb 2010 09:00:00 GMT Insurers Bubble-Wrap Customers whilst the NHS throw them to the Wolves Legal and General will now provide a maximum of GBP3m for their life cover, an increase of GBP1m from their previous limit. Critical illness cover for businesses has also had its limit increased by GBP500,000 to GBP1.5m. Legal and General have commented that the reason for the increase is so they remain competitive... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001291 29 Jan 2010 09:00:00 GMT Chickens, Horses and Bees get more Compensation than Wounded Soldiers? There is no denying it - compensation is on the rise in all sectors and industries. It seems that at the drop of a hat, people will find a "no win no fee" lawyer and aim to get money for even the most spurious of claims. But what about the men and women who serve and are injured or killed in our armed forces? One would assume they ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001281 28 Jan 2010 09:00:00 GMT AXA to de-list from Stock Exchange whilst the UK Insurance Industry Need Incentives Insurance giant AXA has said that it will voluntarily de-list from the New York Stock Exchange because of inadequate trading volumes. Once this has happened they will focus on the trading of its ordinary shares on the Eurotext Paris where 95% of its shares are traded. Henri De Castries from AXA commented that the costs ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001271 27 Jan 2010 09:00:00 GMT Look out Joy! It's Sunday! YouGov conducted a poll in August 2008 putting much-maligned "left-handers" ahead in the stakes when it comes to passing their driving test at the first attempt, 57% did so. Not bad, when you think they learnt in a vehicle ergonomically designed to accommodate right-handed people. Growing up in a world where "right is mi... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001261 26 Jan 2010 09:00:00 GMT Insurance Costs and Compensation Payouts Skyrocket to create a Longer Recession A survey from the AA has shown that 19% of the 20,000 people questioned knew someone who had driven when they were to ill to do so. Just 2% of people admitted to doing so themselves. The results follow a government report which revealed that doctors and those in the healthcare profession have problems when dealing with people ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001251 25 Jan 2010 09:00:00 GMT Despite Crumbling Finances - Awards and Bonuses still being tossed round the industry According to financial analysts UBS, the insurance sector in Europe could be heading for a period of mergers and acquisitions. A report released this week has suggested that the sales of ING and RBS are expected to be an important part of the trend, with other major players in the industry taking advantage of the sales. Munich... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001221 22 Jan 2010 09:00:00 GMT The Government and Insurers seem to Love Handing out Compensation The Government has announced a new scheme to compensate victims of terrorism attacks abroad. It will apply to those who are not covered by any scheme available in the country where the attack took place. Those who have been victims since 2002 will be able to apply for the compensation retrospectively. Jack Straw comment... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001201 20 Jan 2010 09:00:00 GMT Tables Turn on Women Drivers after Retirement A report from Guardian Money has shown that until the age of 60, men are more likely to make a motor insurance claim, however after the age of 60 women tend to claim more often. The problem is so marked that after the age of 75 some insurers are making women pay more on their insurance. Statistics show that 36% of femal... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001181 18 Jan 2010 09:00:00 GMT Haiti, Thalidomide and Pleural Plaques - 3 Things Insurers are Not Worried About The victims of the morning sickness drug thalidomide have finally received an apology from the UK government. The apology follows a GBP20m compensation package which was announced last month. It will be administered through a trust over the next three years. The health minister expressed the governments sincere regr... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001151 15 Jan 2010 09:00:00 GMT GBP42,000 Chicken Compensation and GBP8million for non-seat belt wearing crash victim The opinion that the UK has gone compensation mad has been borne out by the fact that a Staffordshire farmer was paid GBP42,000 after his chickens were frightened by the Red Arrows display team and failed to lay eggs. In addition, GBP117,000 was given to a Yorkshire racehorse owner when his horse hurt itself after it w... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001131 13 Jan 2010 09:00:00 GMT Despite Insurance Workers Extra Efforts to Get in to Work - Customers still Complaining The UK has experienced the worst cold snap in thirty years which has caused record snowfall in many parts of the country. For most, that has meant days off work and school, altered plans and even panic buying at supermarkets and petrol stations. While this might seem like a perfect excuse for an extended Christmas holiday, the real... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001121 12 Jan 2010 09:00:00 GMT Costs are Always Passed on to the Consumer The NFU Scotland and the National Beef Association have asked the Scottish Government for funding to help farmers affected by the heavy snowfall of the past few weeks. Many farmers have experienced collapses of buildings due to the weight of snow, many of which are not covered by insurance. NFU Mutual has received more ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001111 11 Jan 2010 09:00:00 GMT Winter Causing Excess Claims, Insurers Spend their time asking about Marital Problems The Association of British Insurers has issued guidelines for motorists during the bad weather this winter. This follows the revelation that 27 cars had been stolen in Lancashire in just two hours, after being left unattended while the drivers allowed them to warm up and de-ice. The ABI suggests that drivers remain insi... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001081 08 Jan 2010 09:00:00 GMT Despite the Recession, People still not Maximising their Insurance Choices A study by Gocompare.com has revealed that 41% of consumers have not moved their utility or financial services provider during 2009, despite better deals being available. Those with motor insurance were the most likely to move with 22% switching, this was closely followed by energy customers at 20% and home insurance policyhol... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001061 06 Jan 2010 09:00:00 GMT Happy New Year to the Insurance Industry Weather forecasters have warned that the current cold temperatures being experienced around the country are set to last for another two weeks. The country has already had the coldest December in a decade and temperatures may drop as low as -15C in Scotland and Northern England over the coming ten days. The cold snap has prompt... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001041 04 Jan 2010 09:00:00 GMT Merry Christmas UK - Sorry about all the bad news this year We can't say that this year at NCD News has been enjoyable. Reporting in the financial sector will always lean toward bad news, but we had hoped to provide you with a larger percentage of helpful tips and advice rather than the masses of company obituaries and bland PR nonsense the surviving insurers were spilling out to try and sm... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912241 24 Dec 2009 09:00:00 GMT No wonder insurers get nervous at Christmas A group of teenagers who were raising money for the Muscular Dystrophy Campaign have been refused the chance to pack bags in Havant Tesco, as they were not able to prove they had public liability insurance. The customer services department had given the go-ahead to the group on the previous day, but they were turned away by th... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912231 23 Dec 2009 09:00:00 GMT Money Makes the World Go Round, Dog Eat Dog ... you name it, Britain fits the Cliche Europ Assistance, an ID theft assistance organisation, has been issuing warnings to consumers to take care of their identity over the festive period. It advises keeping an eye on the activity in bank accounts and taking special care when shopping online to avoid fraudulent websites. They also remind people to ask Royal Mail to... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912221 22 Dec 2009 09:00:00 GMT Nothing to smile about in Britain at Christmas GBP6,000 of tax-payers money has been spent on a failed bid by a prisoner to gain compensation after he objected to a volunteer jail worker not addressing him with the title "Mr" - Bernard Pennington was in jail for attacking his wife with a machete and felt that being termed as a prisoner was a breach of his human rights.... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912211 21 Dec 2009 09:00:00 GMT